The state pension fund’s former chief investment officer was finally sentenced to no jail and no probation yesterday, two years after he pleaded guilty to violating business law and cooperated against disgraced ex-state Comptroller Alan Hevesi in the massive Pay-to-Play scandal.

In choosing which hedge funds and private-equity firms had access to the state system’s $130 billion retirement pool, David Loglisci admitted he favored firms that donated to Hevesi’s campaign.